Converting science to action

Vitenskapsakademiet

Jens Ulltveit-Moe

24.04.2017

Case 1: Schat-Harding

3

4

5

6

Case 2: REC

FBR 90% reduction in electricity consumption compared to Siemens

Source: RECSilicon8

Solar PV module cost down by more than 80% since 2008

Kilde: 2016 EMEA Summit Keynote, BNEF9

0.1

1

10

100

1 10 100 1,000 10,000 100,000 1,000,000

1976

1985

2003

2012

Cumulative capacity (MW)

2016

2008C

rys

tall

ine

Si M

od

ule

Pri

ce

(U

S$

/Wp

)

Solar PV module cost (US$/W)

10

11

Case 3: Solvoltaics

Gallium Arsenide (GaAs) is used in solar cells in space (e.g., the ISS) – butis too expensive for conventional earth-based applications

13

The Sol Voltaics Process

Source: Sol Voltaics14

The Sol Voltaics Process

Source: Sol Voltaics15

The Sol Voltaics Process

Source: Sol Voltaics16

Source: Sol Voltaics17

Share price fluctuates with progress and cash available

18

10661

168

54

40

160

201716

25 15

2011

101

14

24

13 15

24

12

Equity investmentsPublic money (soft loans, grants)

3,53,82,52,5

13,513,5

12 132011 15 16 201714

InvestmentsSEK millions

Share priceSEK/share

0,0

20,0

40,0

3,5

20202017

3,53,5

0

6 000

2020

12 000Payoff at exitSEK millions

Share price at exitSEK millions